China Launches Digital Yuan Industrial Park in Shenzhen
According to some estimates, around 5.6 million merchants now accept the digital currency as payment.
![image Clement](https://image.coinlive.com/24x24/cryptotwits-static/e1626e8b27bc9a9eda5bf128faa1431d.jpeg)
According to some estimates, around 5.6 million merchants now accept the digital currency as payment.
Tourists with plans to explore the People's Republic of China have a new avenue of convenience at their disposal. Its e-CNY app has expanded its capabilities to include top-up services with Visa and MasterCard.
The China Merchants Bank, in collaboration with the Civil Aviation Administration Clearing Center, has launched an e-CNY platform enabling companies and entrepreneurs to pay for business air tickets using the digital yuan.
WeChat, a popular app in China, has integrated the digital Yuan into the platform.
According to local media reports, the owner of South Korea's largest cryptocurrency exchange, Bithumb, was arrested in the country on Thursday.
Tether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
Yuan fell to a 14-year low against the U.S. dollar early Wednesday.
Chinese law enforcement broke up a money laundering operation that used the digital yuan and involved 200 million yen.
Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions.
On May 5, the Beijing Court Judgment Information Network disclosed a criminal lawsuit judgment document, involving the theft of virtual currencies worth 50 million yuan, including Tether, Ethereum, and Bitcoin.